FineMark National Bank & Trust reduced its stake in shares of Citigroup Inc (NYSE:C) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 84,585 shares of the financial services provider’s stock after selling 3,167 shares during the period. FineMark National Bank & Trust’s holdings in Citigroup were worth $6,294,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in C. Janus Henderson Group PLC lifted its holdings in shares of Citigroup by 227.4% during the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after acquiring an additional 6,688,305 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares during the period. PointState Capital LP purchased a new position in shares of Citigroup during the 2nd quarter worth about $321,322,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Citigroup by 42.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after acquiring an additional 4,413,329 shares during the period. Finally, FMR LLC lifted its holdings in shares of Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. Institutional investors and hedge funds own 80.71% of the company’s stock.
Shares of Citigroup Inc (C) opened at $76.82 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc has a 1 year low of $56.55 and a 1 year high of $80.70. The stock has a market cap of $197,427.41, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54.
Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter last year, the company earned $1.14 earnings per share. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts forecast that Citigroup Inc will post 6.4 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is -41.29%.
C has been the topic of several recent analyst reports. Raymond James Financial initiated coverage on shares of Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. Vetr lowered shares of Citigroup from a “buy” rating to a “hold” rating and set a $76.38 price objective on the stock. in a report on Wednesday, November 29th. Nomura increased their price objective on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Credit Suisse Group restated a “buy” rating and issued a $83.00 price target on shares of Citigroup in a report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $79.65.
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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